Indianapolis Times, Volume 40, Number 35, Indianapolis, Marion County, 21 June 1928 — Page 14

PAGE 14

PRICE TREND IS i DOWN TODAY IN I IRREGULAR LIST Steel, G3H3ral Motors, Few Others Advance as Exceptions in Mart.

Average Stock Prices

Average of twenty industrials Wednesday was 204.49, up 2.48. Average of twenty rails was 134.88, up 1.37: Average of forty bonds was 97.06, up .05. B,'/ United Press . NEW YORK, June 21—Stock prices moved irregularly in a narrow range in the early dealings, but with few exceptions the list tended lower. Radio Corporation dropped three points to 172 Va, while Wright Aero lost 3 points to 136 and American Linseed, 4% to 113 Vi. U. S. Steel recovered from 135 to 136V4, up Vi net and helped steady the list. General Motors also was in fair demand, rallying from 173% to 174 American Can advanced nearly\a point as did Standard Gas, Missouri, Kansas. Texas and a few others. . Weakness in American Linseed was ascribed to reports that Gold Dust had withdrawn its offer to take over that company. Postum directors meet this afternoon and may take action toward acquiring Linseed, according to Wall Street rumors. Richfield Oil Spurts Richfield oil spurted more than Jrwo points to 44 on the confirmation tof the purchase by the company of Pan American Western from Doheny interests. Motor shares moved in a narrow strange, coppers held fairly steady, while such issues as Allied Chemical moved forward. U. S- Rubber continued weak. Describing the market, the Wall Street Journal’s financial review today said: \ “Sharp recoveries in Wednesday’s -late trading helped to revive bullish confidence and trading in early dealings was characterized by a fairly strong tone.

“Further short covering was induced by expectation of a substantial reduction in brokers’ loans in the statement due after the close and by the belief lightening of gold exports might be witnessed in the next few weeks.” Bears Resume Drive Bearish professionals resumed drives on industrial leaders toward noon on firmer time money. The bid and asked quotations on most maturities going to 5% @5% per cent, with most accommodations going at 5"4 per cent. However, attacks on pivotal shares brought to light an oversold condition. Offerings dried up on price recessions and the volume of dealings was extremely light. Undoubtedly, the reluctance of most speculators to part with their long stocks at this stage was due to an expectation of a substantial reduction in brokerage loans in the statement for the week ended June 20. Banking circles, which are consistently conservative, estimated the decrease would amount to at least $150,000,000, while some brokerage estimates ran as high as $250,000,000.

Banks and Exchange

INDIANAPOLIS STATEMENT „ Irdianapolis bank clearings today were §3.8(8.000. Debits were $6,730,000. CHICAGO STATEMENT \Bn United Press , CHICAGO. June 21.—Bank clearings today were $112,400,000. The clearing house balance was $10,800,000. NEW YORK BANK CLEARINGS Bv United Press NEW YORK, June 21.—Bank clearings today were $1,296,000,000. The clearing house balance was $111,000,000. TREASURY STATEMENT ©V United Press WASHINGTON, June 21.—The Treasury net balance for June 19 was $261,148,825.68. Customs receipts this month to pune 19 were $26,877,026.91. FOREIGN EXCHANGE ;/ United Press NEW YORK, June 21.—Foreign exchange opened irregular. Demand sterling. t 4.87%, off .00 l-16c- francs, 3.923/ 4 c; lira, .25'/,c; belga, 13.96 c. off .00%c; marks, 83 88%0. LIBERTY BONDS ©V United Press NEW YORK. June - 21.—Liberty 3%c opened at 100.8; 3rd 4'/,s 100.7; 4th 4y,s. 201.28, oft 2.

In the Stock Market

' (By Thomson & McKinnon) NEW YORK, June 21.—1 t looks to us as though a good deal of the distressed selling which made its appearance during the past few days is now out of the way. With this pressure lifted and another substantial reduction in brokers’ loans expected, today’s market may continue the upward movement which was started in the closing minutes of Tuesday’s session. News from industrial centers, while still in limited supply, reports continued improvement in motors and oils and may have good influence in these groups. The money situation, however, is acute, and there appears nothing ahead indicating that a change for the better can be looked for in the immediate future. We would, therefore, continue with the suggestion that liquidation be accomplished on bulges.

Local Wagon Wheat

Local grain elevators a :el paying $1.55 for No. 2 red wheat. Other grades are purchased on their merits.

In the Cotton Market

By Thompson & McKinnon NEW YORK, June 21.—The cotton market looks and acts more like an oldfashioned bull market than it has for a long time. Except in the big crop year ■we don’t suppose there ever has been a bigger trade and short interest. It is this Interest that has stopped every decline and made the buying fields to which we have so often called vour attention. You can do no better than go along with the market. It’s all a question of a good Initial purchase. Bn United Press NEW YORK, June 21. —Cotton futures opened higher. July 21.00, up .02; October 31.20. up .07: December 21.11, up .10; January 20,92. up .06; March 20,86. up .08; May 20.84. up .09.

New York Stocks ~ (By Thomson 4s McKinnon)

—June 21 — _ Prev. Railroads— High. Low. 12:00. close. Atchison 137% 186 186 187% Atl Coast Line 168 ... 168 165 Balt & Ohio 106V2 ... 106 106% Canadian Pac ..200% ... 199 200 Chesa & 0hi0..178 ... 178 178 Ctii & Alton ... BV2 ... 8% 8% Chi N West .. 79*2 ... 79 79 Chi Grt West .. 10% ... 10 10% CRI&P 110% Del & Hudson ..186% ... 184% 184 Del & Lacka 132% Erie 5i% ... 50 50% Erie Ist pfd .... 50% ... 50% 51 Grt Nor pfd... 98V* ... 98% 98% 111 Central ....136% ... 136% 135% Lehigh Valley... 98% ... 98% 97% Kan City South 44% ... 44 44% Lou & Nash . . •••, 142% MK & T 33% 33% 33% 33% Mo Pac pfd ....112% ... 111% 112 , N Y Central 169% 168% 169 170% N Y C & St L. . 126% 126 126% 125% NY NH & H ... 55 ... 55 55 Nor Pacific 95% 95 95 95V* Norfolk & West.l76% ... 176% 176% Pere Marquette. .. ... ... 131., Pennsylvania . . 63 % 63% 83 Vi 63% P <fe W Va ...135 130 135 128 Reading 98% ... 98% 98% Southern Ry ...148% ... 148% 148% Southern Pac 1197a St Paul 30% ... 30% 32% St Paul pfd .... 42 ... 42 42V, St L& W 80 ... 78% 80 St L & S P ... .. ... .■ • HO% Texas & Pac....138%, ... 133 .139% Union Pacific ..119% ... 191% 191% West Maryland. 38% 36 38 35% Wabash 69% ... 68% 69 Wabash pfd ... 97

Rubbers— Ajax 8 ••• 8 8 Fisk „ 12% ... 12 12% Goodrich 71 % ... 70% 71 % Goodyear 4874 ••• 48% 49% Kelly-Spgfld 17% Lee 18% United States... 34 ... 32% 34% Equipments— Am Car & Fdy.. 93 90V, 91'% 94 Am Locomotive. 98% 37 89 93% Am Steel Fd 53% ... 52 53% Am B Shoe 42% ... 42% 41% General Elec 148 ... 145% 147% Gen Ry Signal.. 87% ... 85% 86% Lima LOCO 51% 48 49 51 N Y Air Brake 40'/o Pressed Stl Car. 18% ... 18% 19 Pullman 82 Westlngh Airb.. 43'% ... 43% 44 Westlngh Elec.. 92% ... 92 92V* Steels— Bethlehem .... 54% 53% 53% 53% Colorado Fuel.. 59% ... 57% 59% Crucible 73% ... 73V, 73 Gulf States Stl 58 Inland Steel 53 Phil RC & I. .. 30V* ... 29'% 297% Rep Iron & Stl.. .. 50 Otis Steel 22% 21% 21% 21% U S Steel 136 V, 134% 135'% 136 Alloy 32% 32 y, 32% 32% Youngstwn Stl 84% Vanadium Corp . 69% 68 69% Motors— Am Bosch Mag.. 32'/* ... 32 32% Chandler 15% Chrysler Corp .. 67'/* ... 66 67 Conti Motors .. 12 ... 12 11% Dodge Bros 12% ... 12% 12% Gabriel Snbbrs 17 74 General Motors .174% 17274 1727% 1747* Hudson 80% 79 79ETAONIO Hupp ... 57% 5674 5674 57'/* Jordan 11 ... 11 10% Mack Trucks .. 91 90% 91 91 . 2 Martin-Parry 17 Moon 7'/4 Paige 29% ... 28% 29% Nash 90% ... 89% 907* Packard 73V, 71'/* 71% 73'2 Peerless 17% Pierce Arrow 14% Studebaker for. 67% 67 67 6874 Stew Warner .. 84 . . 82% 83% Stromberg Cart. 48 ... 48 47 Timken Bear ... 118% ... 117% 118 Willvs-Overland 25 24% 25 24% Yellow Coach ..3274 ... 32 32V, White Motor ... 35% 35% 35% 35% Mining— Am Smlt & Rfg.lß7 186% 187 18774 Anaconda Cop.. 65% 63% 6374 657* Calumet <Sc Ariz. 95% 95 95% 94% Cerro de Pasco.. 69% 6P% 69% 69% Chile Copper ... 42 41% 42 41% Greene Can Cop 96 ... 93'% 94 Inspiration Cop 2074 ... 2074 21 Int Nickel 92% ... 92 92,* Kennecott Cop.. 87 % ... 87 74 87 7* Magma Cop .... 49% 49% 49% 48% Miami Copper.. 19% ... 19% 19*% Texas Gulf Sul. 6474 847a 64% 64% U S Smelt 45'/*

Oils— Atlantic Rfg ...131% 128 129 131% Cal Petrol , 287% Lreeport-Texas.. 65 64% 647a 65 Houston Oil 121% Marland' Oil ... 35 ... 34% 35 Mld-Cont Petrol 28% ... 28% 28V* Lago Oil & Tr 30% Pan-Am Pet 8.. 43 43% Phillips Petrol.. 37% ... 37V* 37% Pro & Rfgrs 23% ... 23% 23 Union of Ca 1.... 48 ... 48 46 5 /* Pure Oil 2274 ... 22% 21% Shell 26% 2674 26% 26 Simms Petrol .. 20% ... 2074 2174 Sinclair Oil 23% ... 22V* 23Va Skelly Oil 28 7* ... 28 Va 2874 Std Oil Ca 1.... 56'% ... 56V* 56'/* Std Oil N J 43 V* 43 43 74 43 74 Std Oil N Y .... 34>4 34% 34'% 34'% Texas Corp 59 V* 59 59 59 Transcontl 7% 7%. 7'/ White Eagle 22'% Industrials— Adv Rumley .... 3874 37% 38'/, Allis Chalmers.. 11574 Allied Chemical. 1697a 168 167 Armour A 18 Amer Can 84 82% 837a 83 Am Hide Lea.... 1174 Am H L pfd 42% 42% Am Linseed ....11774 113 114 118'/, Am Safety Raz.. 587% 5374 5 3 Am Ice 367% 367% 36 Am Wool 187% 187% 1874 Curtis 99% 96'/, 99 Coca Cola 157 156% 157 15574 Conti Can 95% 94% 94 95% Certain teed .... 43'% Congoleum 22'% 22% 22% 22% Davison Chem... 457* 45% 45V* Dupont 350 349 348'% Famous Players 125 ... 124 124 Gen Asphalt .. 72 ... 72 71 Int Bus Mch 118 Int Cm Engr... 5774 56'/* 587% 57 Int Paper 70 Int Harvester 263 Lambert 104’% 104'% 10474 104% Loews 53 ... 5274 52 Kelvinator 14 ... 1374 1 4 Montgom Ward .14374 142 142 143V* Natl C R 59% 58% 59 59 Pittsburgh Coal 39% Owens Bottle 807% Radio Corp 174% ... 170 175% Real Silk 267% Rem Rand 28Va ... 2874 287% Sears Roebuck . .10474 103% 103% 104'/, Union Carbide. ,142 V* ... 142 V* 1427, U S Leather 49 ... 397* 39% Univ Pipe 17'% ... 17*% 167* U S Cs Ir Pipe.2so ... 250 250 U S Indus Alco. 106% ... 106% 105'/* Wright 7. .139 135 137'% 139 Woolworth C 0... 179% 179% 179% 178% Utilities— Am Tel & Tel 175% ... 175 175% Am Express ...186 ... 185 182'% Am Wat Wks 55 Brklvn-Manh T. 60 59'% 60 60 Col G & E 10774 ... 106% 107% Consol Gas 143 ... 141% 1427* Elcc P6W & Lt. 35 "... 34% 34% Interboro 27% 37 37% 37 Nor Am Cos 09 ... 68V, 69 Nat Power 34'% ... 3474 3474 Pub SVC N J... 54 53'% 53>4 54'% So Calif E 46'% ... 45% 4574 Std Gas & El.. 64% ... 6474 63% Utilities Power.. 37% ... 37 36% West Union Tel.. 146 ... 146 145 Shipping— Am Inti Corp... 94% 91 92 93V* Am Ship & Com 8 ... 8 471 Atl Gulf & W I 4074 ... 47 46% Inti Mer M pfd 37'% ... 36% 367, United Fruit ... 134 Foods— Am Sug Rfg ... 71% ... 70% 71% Am Beet Sugar 16% Austin Nichols.. 6 ... 6 6'% Beechnut Pkg 72 California Pkg .. 70 ... 70 71% Corn Products.. 697* ... 6974 6974 Cuba Cane Su p 23'% Cuban Am Sug 1974 ... 19'% 1974 Fleischmann Cos 677% 6871 67 67 Jewel Tea 101% ... 101V* 100 Natl Biscuit 163 ... 163 164'%

Commission Row

PRICE TO RETAILERS FRUITS Apples—Fancy barrel apples, seasonable varieties, $609. fancy basket apples seasonable varieties. $2.5003. 40 lbs.; choice box apples, seasonable varieties. $3.5004.75. Apricots—s2.7so3 crate. Cantaloupes—California. $304, crate. Cherries—California. $2.2503. 8 lbs. Grapefruit—Dunedin Marsh’s. 35 crate. Lemons—California. $7.5008.50. crate. Limes—Jamaica. $3. 100. Oranges—California Valencias $7<®8.25, crate. Strawberries—New Albany, $2.50®3.75 24-qt. crate. VEGETABLES Asparagus—Green, 75c doz. bunches, white. 65c. Beans—Southern. $3 hamper; Valentines, $2 hamper. Beets—Fancy southern. $1.50 hamper. Cabbage—Tennessee, poney $1.50. crate. Carrots—Louisiana, $1.2501.50 bu. Celery—Florida. $6 crate. Cucumbers—lndiana hothouse. $1.25, doz. Eggplant—H. G.. $2 doz. Kale—Spring. 65c bu. Leek—7sc bunch. Lettuce —California, $5 crate: hothouse leaf. 65c. 15 lbs. Mangoes—s3.7s. hamper. Mustard—Fancy. H. G.. 60c, bu. Onions—Home-grown. green. 35®40c doz.: new Texas yellow, $1.75 crate; Texas crystal wax. $1.75. crate. Parsley—sl doz. bunches. Parsnips—Home-grown. $1.25. bu. Peas —Kentucky Telephone: $2.25. hamper. Peppers—Florida mangoes. $3. hamper. Potatoes —Michigan, white, $2.50, 150 lbs.; Idaho. $2.75. 120 lbs.: Carolina Cobblers. $3.50 bbl.; Alabama Triumphs. $2.25. cwt. Radishes—Hothouse, button. 45c doz. bunches; southern long red. 30c doz. Rhubarb—Home-grown. 35c doz. Spinach—Fancy Kentucky. 75c bu. Sweet Potatoes —Porto Ricans. $3 hamper. Turnips—sl.sool.7s per hamper. MISCELLANEOUS Cider—4.so -gal. case; $4.75 doz. half-,,-al. Jars. Garlic—California. 20c lb.

Nat Dairy 75'% ... 74'% 75 Postum Cos 163 ... 163 12574 Ward Baking B 187% 18V* 187% 18 Tobaccos— Am Sumatra 55 Am Tobacco ...154 ... 154 153 74 Am Tob (B) 152'% Con Cigars 85% General Cigar.. 62 ... 62 61% Lig fz Myers... 83 8274 83. 827% Lor Ward 26 ... 25% 257* R J Reynolds ..130 ... 130 130 Tob Products B 10174 ... 100'% 100'% United Cigar St 257% ... 25% 25V, Schulte Ret Strs 547% ... 53'% 617*

Produce Markets

Butter (wholesale price) No. 1. 47@48c; No. 2,454746 c lb. Butterfat (buying price)—4sc lb. Cheese (wholesale selling prices, per pound)—American loaf, 34c; pimento loaf, 39c; Wisconsin flat, 30c; prime cream, 254/27c; flat daisy, 26©27c; Longhorn. 267% C"27c; New Yor(g limberger, 32c. Eggs—Buying prices: Fresh, delivered at Indianapolis, loss off, 24@25c doz Poultry (buying price)— Hens. 21@22c; lb.; Leghorn hens. 174718 c; 1928 spring. 17', to 17, lbs., 28c; 2 lbs. and up. 28(430c; Leghorns, 23<f, 25c: old roosters, 10c: ducks, 11c; gt-ese, 8@10c; guineas, old 35c. young 50c. Bit United Promt NEW YORK, June 21.—Flour—Quiet and steady. Pork—Quiet. Mess—s3o. LardSteady Mid-west spot—sl2,lo4/ 12 20. Sugar—Raw, steady: spot 96 test, delivered duty paid. 4.33 c; refined, steady: granulated, 6.054; 6.10 c. Coffee—Rio No 7 on spot, 1574 c; Santos No. 4, 23%<524c Tallow—Firm; >pec!al to extra, 84/B%c. Hay—Dull; No. 1. $1.25; No. 3. 80c4/slclover. 75c(Ti51.15. Dressed poultry—Firm : turkeys. 244/ 25c; chickens. 244/ 43c: broiler*/ 304743 c; fowls, 154,32 c: ducks. Long Island, 23c Live poultry—steady to firm; geese, 104/12c; ducks, 154/ 22c; fowls. 204/; 27c; turkeys, 204/30c; roosters. 15c; broiler?,-, 304, 45c. Che?se—Firm: State whole milk fancy to specials. 274730 c; young 2C ‘ - Potatoes—Southern. 75c 4/$2.25; Maine. $1.35% 2; Bermuda. $54,6. Potatoes— Jersey, bassets. $14,3 50. re ceipts, 17.896; creamery, extras, 44c; special market. 44% ft 45c SK?r? ,rmer w r t£ elpts - 28 ' 2f16: nearby " t | 7 „ fanc }'- 3 ] r " 3 2 c: nearby State whites. 37c, fresh firsts, 29*/30c; Pacific nearby bSgaoS™ WhUe5 ’ 3K " 35c; Marriage Licenses Henry Howard Nichols, 38. of 518 Dennison St., contractor, and Nina Marie Miller, 25, of 2717 Coliege Ave cashier Floyd Russell Wheatley. 26. of 229 N Whu r e SOn ’l a o P f Prn 262 - c and Emma Jane stenographer. 262 S ' Eastern Ave - William H. Miller, 23. of 276 N. Lynn R C d box F 632 nd Al ' Ce B Martin - 18. R’ Rufus M. Wharton. 44. Indianapolis and Traqueelia T. Riley, 34, of 2721 Boulevard Place. Joseph Edward Hester. 24. pf 2514 Ethel # e nir a Sr If anc * Jessie BroWn Porter. 22 of 934 W. Twenty-Fifth St. Airol J. Cory. 27, of 920 N. Alabama St dianapo?!s and Harriet A - Br innell, 27. In- , John Bruce Richards, 23. of 1220 N Births „, G|ri * Da e and Helen Long. 1704% Prospect. Ireland and Eula Brown, 125 W North date* 11 S aUd Bertha Dethridge, 627 LangsClarence and Alice See, Methodist Hospital. Albert and Sadie Rust. 965 W. Washington. Jesse and Martha Scotten, Coleman Hospital. John and Stella Baker. Coleman HosEital. ester and Grace Flesher, 202 Geisendorf Raymond and Madie Batts. 1526 n' Hamilton. George and Laura Canada, 226 S. Noble Harry and Della Morgan, 2413 E. Washington. Owen and Rose Young, 2252 Columbia. Joseph and Hael Dushane, 2201 E Washington. Boys Albert and Ruth Jeffers, 3905 Caroline. Charles and Elizabeth Imhausen, 2011 W. New York. Harry and Lou Stevens. 1443 N. Warman. David and Hattie Hinkle, Methodist Hospital. Max and Thelma Merritt. Methodist Hospital. < Harold and Susie York, Coleman Hospital. Henry and Eleanor Stockdale, 3915 Hoyt. Walter and Margaret Smith, 422 S. Division. John and Cecil Allen. 560 Bell. Francis and Doris Kuhn, 835 N. Capitol. Allen and Hattie German. 3041 Marttndale. Frank and Mary Johnson, 115 Dawson. Willard and Hallie Mathcs, 1119 DeLoss. William and Maftha Woods, 431 E. Ohio Lee and Edna Hodges. 720 N. Pershing. Deaths Mildred Price, 67, 356 W. Twelfth, acute myocarditis. Dora Hall, 57, Christian Hospital, pyloric obstruction Allen Henderson, 44. 1430 Martindale, meningitis. James D. HtiTbin, 53, 936 E. Raymond, lobar pneumonia. Carrie Berwick, 38, Coleman Hospital, peritonitis. George McClain, 21, city hospital, lo.ar pneumonia. Carl Pickett, 21. 16 W. Southern, pulmonary tuberculosis. Oscar M. Saunders. 39. Methodist Hospital. pyema. Paul Kinsley. 25. city hospital, accidental. Building Permits Scott Waughtell, front. 2450 N. Pennsylvania. SSOO. Mrs. A. M. Ebaugh, foundation. 107 N. Chester. $450. A. J. Huber & Cos., warehouse. 512 N. Davidson. SIOO,OOO. J. G. Pantzer, move storeroom. Lincoln and East. $7,000. J. G. Pantzer, storeroom. Lincoln and East. SIO,OOO. / John A. Miller, addition. 1236 Standard, S3OO. C. A. Clawson, reroof, 4321 Carrollton, S2OO. . Dr. R. N. Campbell, reroof. 3916 College, $434. J. R. Welch, reroof. 36-39 S. Hawthorne, S2OO. Ella Pendleton, basement, 2461 Shelton, $250. v Philip Deutscher. garage. 2203 N. Illinois, S2OO. W. L. Haag, garage. 2409-11 Jackson. $250. Henry G. Dollman, apartment, northwest corner Fourteenth and Alabama. $55,000. Ernest Knefler, addition, 1214 Golden Hill. $2,000. Henry Berger, addition. Market and Pine. S3OO. Jacob IA. Seneff, reroof, 933 High. SBS. Thomas Wade, garage. 1705 Miller S2OO. George A. Sprowe. reroof, 250 Richland, $25. E. J. Graston, tank and pump, 5456 Brookvllle, SSO. . . Paul A Noe. dwelling and garage. 5214 E. Eleventh. $2,920. Paul A. Noe. dwelling and garage, 5255 E. Eleventh, $2,920. . „„„„ Plymouth Saving and Loan, garage. 2006 M Lee r '& s Wynne, addition. 534 N. Bellview, S2OO.

HEIRESS DRINKS POISON IN ROSE-FILLED ROOM Hires Finest Suite in Hotel; Buys Hundreds of Flowers. By United Press BUDAPEST, June 21.—Among the more picturesque of recent, suicides in Budapest was a Miss Harakovics, daughter of a wealthy landowner. Arriving at one of Budapest’s most fashionable hotels in an expensive motor car she ordered the finest room which the management had at their disposal. This room she filled with hundreds of roses and then drank poison. Two days later, when the door of her room was broken open her body was discovered under the cover of a bed heaped high with wilted, though still fragrant, flowers. The motive for her suicide remains a mystery. LAW BOOSTS SUICIDES Eight a Day Is Rate After City Passes Ordinance. BUDAPEST, June 21.—Eight suicides per day, an increase of 20 per cent, is the answer of Hungarian citizens to a law forbidding anyone to take his oT her life. A clause forbidding newspapers from reporting suicides, it is thought stimulated self-destruction. As soon as the sensitive received assurance through the law that their suicides could not be reported, they joined the suicide army.

THE INDIANAPOLIS TIMES

CALVES. LAIRS ADVANCE:ONLY CHANCE TODAY Vealer Top sl4; Some Fat Lambs Take 50-Cent Increase. • June Bulk Top Receipts 13. 8.75® 10.20 10.25 7.500 14. 8.754/10.25 10.25 7.000 15. 8.754( 10.35 10.35 6,500 16. 9.004/ 10.40 10.50 2.500 18. 8.504710.50 10.60 4,500 19. [email protected] 10.60 8,500 20. 8.654710.65 10.75 7.000 21. [email protected] 10.75 7.000 Hogs were unchanged in every detail on the local livestock exchange today, even to the number received, which was 7,000. There were 631. holdovers. Quotations follow: 250-350 pounds, $10.300 10.75; 200-250 pounds, $10,404,10.75; 160200 pounds, [email protected]; 130-160 pounds, $8.65010; 90-130 pounds, $7.5009, and packing sows, $8.50@ 9.75. Vealers and some iambs advanced 50 cents on the hundredweight anc other material was virtually steady with nominal receipts. Beef steers were priced a quarter higher on the top in the cuttle market, at $13,25014.75. Cows brought $8.50010.50. and low cutter and cutter cows were $5.5007.50. Bulk stock and feeder steers went at SBOI2. There were 1,000 head brought to the yards. Best vealers were up 50 cents to sl3 4? 14, while heavy calves held steady at $7010.50. Receipts numbered 700 animals. The lamb top was unchanged at sl6, while fat lambs brought $154/ 16, 50 higher. Ot>sr material was steady, hulk culls bringing $9 @l2. and fat ewes, $4.504, 7. Receipts were estimated at 600. —Hogs— Receipts, 7,000; market higher. 250-350 ibs $10.30.710.75 200-350 lbs 10.404/ 10.75 160-200 lbs 9.904,10.65 130-160 lbs B.6sft* 10.00 90-130 lbs 7.50® 9.00 Packing sows 8.50 ft. 9.75 -CattleReceipts, 1,000; market, steady Beef steers $13.2547 14.75 Beef cows 8.504/ 10.50 Low Cutters and cutter cows.. 5.50@ 7.50 |3ulk stock and feeder steers .. B.ooft 12.00 —Calves— Receipts. 700; market, steady to higher Eest vealers $13,004; 1100 Heavy calves 7.00 ft 10.50 —Sheep— Receipts, COO; market steady to higher Top fat iambs sl6 00 Bulk iat lamos .* 15.004/ 16.00 Bulk cull lambs 9.00 ft 12.00 Fat ewes .. .• 4 50ft 100 Other Livestock Fjl United Picks CHICAGO. . r 21—Hogs—Receipts. 19.000; market, . ,ov> to 10c higher; mostly steady; top. $10.85; mostly $lO4, 10.85; butchers, medium to choice. 250-350 lbs.. $lO4/10.85: 200-250 lbs.. $lO4/10.85: 160-200 lbs., $9,504,10.80; 130-160 lbs., $8,404/ 10.60; packing sows, S9ft 10; pigs, medium to choice, 90-130 lbs.. $7,504/ 9. Cattle—Receipts, 8.000; calves, 3.000; slightly better trade; chiefly in grain fed steers and yearlings; top. $10.75; slaughter classes steers, good and choice, 1300-1500 lbs., $13,404/ 14.75: 1100-1300 lbs.. $13,504/ 15; 9501100 ibs.. $lO4, 13 50: common and medium. 50 lbs., $13,504/ 15; fed yearlings, good and choice. 750-950 lbs., $134/ 14.75; heifers, good and choicq, 50 lbs down, s9® 13; common and medium. $94; 11.73; cows, good and choice. $7,504,9; common and medium, $64/7.50; low cutter and cutter. $9,354/ 10.50; good and choice, beef, $7.404,.9.40; cdtter to medium. $11.5047 14; vealers, milk fed. good and choice, $1047 11.50; medium, $74/10; bull and common. $11,754/ 13; Stocker and feeder steers, good and choice, all weights, $9.2 547 11.75. Sheep—Receipts, (9,00; fat lambs, active selling 25c higher; heavies are lower, feeders unchanged; lambs, good and choice. 82 lbs. down. slo.soft 17.15; cull and common. $11,254/ 14; ewes, medium to choice, 150 lbs. down. [email protected]; cull and common, $1.75 " 5.50. Bn I nitcd Press CLEVELAND. June 21.—Hogs—Receipts. 1.500; market, steady to 10c up: 250-350 lbs., sll4/11.10; 200-250 lbs.. 3114,11.10; 160-200 lbs., $10,754/11.10; 130-160 lbs., $8,504/ 11; 90-130 lbs.. $9,259.50; packing sows, $8.504,8.75. Cattle—Receipts, 150; calves, receipts. 250: market, steady to weak; beef steers. $7,506/ 12.35; beef cows, $7,754, 10; low cutter and cutter cows, $5.75477.25 • vealers. $13,504, 16. Sheep— Receipts. 500; market, steady; bulk fat lambs. $14,506/ 15.50; bulk cull lambs, sl2 ft, 13.50; bulk fat ewes. $4,501/ 6. Bn 1 nited Press TOLEDO, June 21. Hogs Receipts. 1,000; market, 106/15c up; heavies, $10,506/10.75: mediums. $10,656/ 11; Yorkers, $10,406/ 10.75: good pigs. $8,504/9. Cattle—Receipts, light; market. steady; calves, receipts, light; - market, steady. Sheep and lambs—Receipts, light; market, slow. Bn United Press EAST BUFFALO June 21.—Hogs—Receipts. 600; holdovers, 927; market 15c up; 250-350 Ibs., $1075.6m.25; 200-250 lbs.. $116,11.25; 160-200 lbs., $lO6/11; 90-130 lbs., $9.5047 10.25; packing sows. $8,504/9.25. Cattle—Receipts, 150. Calves—Receipts, 100: market steady;beef steers, $13,504, 14.50; light yearling steers and heifers, $13.506„i4.60; beef cows. $96/10: low cutter and cutter cows, $4,754/ 5.70: vealers, $156/ 15,50. Sheep—Receipts, 500; market steady; bulk fat lambs. $15,506/ 16; bulk cull lambs, $11@13; bulk fat ewes, ssft7. Bi; United Press I * ITTSBURGH June 21.—Hogs—Receipts, 1,500; market strong; 250-350 lbs., $10.75®: 11; 200-250 lbs.. $114711.20; 160-200 lbs., $10,804,11.20: 130-160 lbs., $9.506/11; 90-130 lbs.. SB6/9.75; packing sows. $7.7567 9. Catle—Receipts, 25. Calves—Receipts, 200; market steady; beef steers, $134714.75; Light yearling steers and heifers, $116,14: beef cows. $9011; low cutter and cutter cows. $6,506/8; vealers, $124{15; heavy calves, SB6/12.50. Sheep—Receips. 200; market steady: top fat lambs, $15.75; bulk fat lambs. $134715.75; bulk cull lambs, sll 6/12.50; bulk fat ev"" *O4/7. By Times Special LOUISVILLE, June 21.—Hogs—Receipts. 800; market 10c higher; best heavy and medium hogs 180 lbs., up $10.70: pigs and lights, 180 lbs. down. $6.70479.20: stags and throwouts. $7.60478.20. aCttle—Receipts, 200: market, steady; prime heavy steers. $12,506/13.50; heavy shipping steers, [email protected]; medium and plain steers, $lO6/ 11: fat heifers. $96713: choice fat cows, $9 @10; medium to good cows. $6.75@9; cutters. $5.50476.25: canners, $4.50 675.25; bulls. $64/9; feeders. $94711.50: Stockers. $8.504711.50. Calf—Receipts. 300; market, steady; medium to good, $84710; outs, $8 down. Sheep—Receipts, 1,800; market, steady; best mixed lambs. $15.50; ewes and wethers. sl6; seconds. $94710; light sheep. $6; heavy sheep. $4; bucks. $347 3.50. Wednesday's shipments: Cattle, 162; calves, 299; hogs. 287; sheep. 1,553.

RICHFIELD OIL COMPANY GETS STOCK, PROPERTY California Concern Acquires Control of Pan-American Petroleum. Bn United Press LOS ANGELES, June 21.—The Richfield Oil Company of California has acquired all outstanding voting stock in the Pan-American Western Petroleum Company from the Petroleum Securities Company and Edward L. Doheny. The purchase included all crude and refined products, distributing facilities, storage tanks, service stations and tank steamers owned and operated by the Petroleum Securities Company. The transaction resulted from the retirement of the Doheny interests, the Petroleum Securities Company and the Pacific Petroleum Products Company from refining and marketing activities on the west coast. Richfield announced a contract with Petroleum Securities and Doheny for the latter’s entire production of crude oil for a period of ten years at current posted market prices. The best time for sustained mental work is from late .afternoon until midnight or later, according to some scientists.

Class Graduated by School 74

v • \ ' r *r

This class was graduated this week from School No. 74, at 1601 E. Tenth St. First row (left to right); Richard Wright, Ruth White, Katherine Hutsell, Kathryn Gish. Ruth Philips, Charles Durham; second row, Rawson Whittington, Glen Charpie, George Wheeler, Beirnsten, Jack Prosch, Eugene Bratton.

FLOOD OF LAWS PERIL TO U, S„ BANKER'S VIEW Says Restrictions, Taxes Will Break Down Democracy. BY MAX STERN SAN FRANCISCO. June 21. America’s penchant for “passing a law” is about the only thing that worries Thomas Ross Preston, Hamilton, Tenn., president of the American Bankers’ Association, who is visiting his brother, Supreme Justice John W. Preston here. Ross is not afraid of the concentration of wealth, and he doesn’t think wealth will destroy the soul of this country. But he is going about warning the republic is in danger of choking out democracy with too many laws. “The U. S. A. is civilization’s greatest asset,” says Banker Preston, "but sometimes I wonder if we re not in danger of legislating our future away. Restrictions and Taxes “No ddmocracy has lasted more than 200 years. Restrictions of liberties and increases in taxes have always ruined them. This country has become great because of its freedom, but in the past thirty years has come an incessant demand for more laws, laws, laws. In the last Congress 13,372 laws were proposed, and among them were 170 proposals to amend the Constitution. Today the State Legislatures are flooded with laws. Proposals -totaling 75,772 a year are being laid before the legislatures and 13 per cent of them become laws. We have passed more laws in the United States in the 140 years of existence than all the rest of the world since the birth of Christ. “We are the only people on earth willing to fight for freedom and then turn around and legislate our freedom away. Passing Laws Too Fast “Our law-passing machinery is working too fast for even the courts. Our Federal courts are reduced almost to the status of police courts. Before them are pending 81,000 criminal cases. In New York if every man demanded his right to a jury trial the courts would be 50Cf years behind in clearing the Federal calendar. You can now punish a man for the same crime in both a State and Federal court, and I suppose soon we’ll be hanging men twice. When the courts break down the end of civilization is in sight. “Look at our bureaus and commissions! There are now thirtysix commissions regulating railroads alone. To regulate the 333,000 Indians we have 6,000 Government employes. There are one-half as many employes of the Veterans’ Bureau as men wounded in the great war. / SUGAR OPENING B/i United Press NEW YORK, June 21—Sugar futures opened lower. July, 2.47, off .01: September. 2.58, off .01: December, 2.68, off .02: January, 2.66, off .01; March, unchanged; May. 2.72, unchanged. Scorpions are known to have starved for 368 days; and spiders have existed for 17 months without food.

Luck, Show Ticket Help in Hobnobbing With King

Easy to See Royalty of Britain, Compared to Entering Society. LONDON, June 21.—Few tourists krow that it is sometimes easier to spend an evening with King George and Queen Mary er the Prince of Wales, than it is to be introduced into London society. With the opening of the tourist season here, hundreds of visitors from all over the world arrive here armed with various letters of introduction to members of the British aristocracy. Those who are not fortunate enough to secure the proper passport into society usually try to make up for this unpardonable lapse by a campaign of intrigue worthy of a village politician. Shown Ticket for Royalty A little luck and a theater ticket may enable the most humble tourist

The City in Brief

FRIDAY EVENTS Knights of Columbus luncheon, SpinkArms. • Exchange Club luncheon. Lincoln. Alirusa Club luncheon, Columbia Club. Master Painters’ Association luncheon, Elks Club. Optimists club luncheon, Ciaypool. Phi Delta Theta lur- won. Chamber of Commerce. , . First Ward Republican Club meeting. Compton Hall. 8 p. m. Hearing on appointment of a receiver for the Acton State Bank of Acton, sought by State Bank Commissioner Luther F. Symons, who closed the institution early this week, has been set for 9, Saturday morning, before Superior Judge Byron K. Elliott. Symons brought suit for the receiver. A miniature Statue of Liberty, and a big mantel clock were stolen from the apartment of Miss Flossie Becker. 3032 E. Washington St., early Thursday morning she reported to police. She values the loot at SSO. Mrs. A. Z. Dickman, 136 Central Ave., reported an antique quilt, an heirloom valued at SSO, stolen from the wash line in her backyard. Miss Mary Frances Rasley, 11, of 1856 Macpherson St., received a broken shoulder when struck by an automobile driven by L. G. Cumming.s, 4166 Washington Blvd., near her home. Sixteen stitches were necessary to close a shoulder wound received by Osner Wells, 2906 Brookside Ave, in an automobile accident Wednesday afternoon. Cars driven by his nepliew, August Wells, 611 E Twenty-Fourth St., and William T Riley, 1718 W. North St., collided at Walcott and dhio Sts. Thomas Snyder, Indiana Motor Truck Association secretary, has received word from Henry T. Davis. Indianapolis convention bureau manager, that the Midwest Motor Transportation Congress will meet here in October, 1929. Davis attended a meeting of officers at Columbus, Ohio. The meeting will bring about 2,000 visitors. Hearing on the §15,000 suit of the Madison County Farm Bureau against the Commercial Insurance Company, Newark. N. J., in Federal Court, was continued Wednesday afternooh in order to permit an audit of boks of Henry Shuman, former bureau manager, accused of having caused losses the insurance company is asked to make good.

FAME LAUNDRY PLANS TO/BUILD NEW PLANT

Permits for Erection of Two City Apartment Buildings Asked.

The Fame Laundry asked the city plan commission for permission to erect anew plant on the southwest corner of Fourteenth and Illinois Sts., today. William N. Harding asked for a permit to erect an eight-story apartment at the southwest corner cf Twenty-Eighth and Meridian Sts. Lucius V. Hamilton has requested permission to build a six-story apartment at the southwest corner of Fall Creek Blvd. and New Jersey St. • i The commission is expected to request the maximum 3 cent tax levy lor the 1929 thoroughfare fund, /the levy would bring in about $400,000 which would be used for an extensive street widening program.

In Europe to study the features of British royalty for an entire evening. Both King George and Queen Mary are known to visit theaters in London at least once a month. On these occasions they invariably enter the building by a private door and are conducted to the royal box. In general they seem to prefer “thrillers.” The chances of seeing the Prince of Wales at a London theater are even greater than that of catching sight of his father and mother. Wales Is Theater Fan He visits London shows on an average of three times a week. His preference is for musical productions. The Prince seldom witnesses theatrical performances from a box. He almost invariably orders, and always pays like anyone else, for orchestra. Thus, frequently he spends an entire evening in the midst of the general public. Often his presence is unrecognized by the audience.

k P. ‘WARM’ TO UTILITIES, SAYS PUBLICITY MAN Weekly 'Handouts’ Carried on Missouri Wire, Probers Told. BY CECIL OWEN United Press Staff Correspondent WASHINGTON, June 21.—Propaganda against Government operation of Boulder Dam and Muscle Shoals power projects forms an important part of Missouri utilities publicity, the Federal Trade Commission was told today. Almost every issue of the monthly news bulletin sent to newspapers in the State contains articles against public ownership, J. B. Sheridan, secretary of the Missouri committee on public utility information, testified. Sheridan said he found about thirteen newspapers printed every utility publicity story distributed on Associated Press wires in the State The “hand outs” were mailed the St. Louis bureau and put on the wire there, he said. Since 1926, a:* average of one story a week has been carried in this way, he said. In a letter to Maj. J. S. S Richardson, formerly Pennsylvania publicity man, Sheridan ?aid: “The Associated Press will prove invaluable to you. i think that tf3rk has gone down the line from headquarters to take care of the committee on public utility information. In any event the local managers are very warm to utilities.” Questioned regarding this latter statement, Sheridan said it was “only an idea he had,” and he had no definite information to support it. Judge Healy asked him to supply the commission with copies of all the stories carried by the Associated Press. The publicity, Sheridan said, was written in his office.

HAVE A DRINK AND DIE! INSECT ASSASSIN KILLS Unique Creature Is Found in Dutch East Indies. By Science Service LONDON, June 21.—A remarkable insect assassin that lives in the Dutch East Indies is described by a British entomologist, W. E. China, in a report to Natural History Magazine, an official publication of the British Museum. The creature, which belongs to the insect group known as the Homoptera, secretes a fluid which apparently tastes very good to certain black ants. They seek it eagerly, and “milk” the insect by manipulating certain hairs attached to its body. But their potations are fatal, for the drink contains a poison which soon paralyzes them. As soon as the bug is aware of the ant’s weakened condition, it ceases to be passive, and stabs its victim through a chink in its horny armor, sucking out the life-blood with its sharp beak. BAN ITALIAN BARTERING B,u l nited Press ROME, June 21.—Tourists to Italy who follow the advice given in guide books to bargain stores and shops will now find it very difficult, if not impossible, to get even a few cents taken off the prices asked. Following the revaluation of the lira, a decree has been issued making fixed prices obligatory on all shopkeepers. Only in the case of high class jewelry, valuable pictures and antique furniture, may bargaining still be resorted to. FIRST U. S. OFFICIAL Bn United Press NEW YORK, June 21.—C01. Charles J. Dieges of the adjutant general’s department is the first of the American athletic officials appointed to officiate at the Olympic games at Amsterdam. Holland, from July 28 to Aug. 12. He was to sail today. STRONG SWIM TEAM Bn United Press PITTSBURGH, June 21.—Pittsburgh will send a strong team, headed by Josephine McKimm and Susan Laird, to the final Olympic swimming tryouts for women at Rockaway Beach, L. 1., July 1,2, and 3, it was announced today. PERU BESTS BLUFFTON By Times Special PERU, Ind., June 21.—The Peru golf team of the Northern Indiana Golf League, defeated Bluffton here Wednesday, 52 to 9. The local team is composed of members of the Mississenawa Country Club.

.-TUNE 21, 1928

WHEAT HIGHER RESPITE WEAK FUREIGN PRICE Corn Opens Irregular: Oats Lower in Pits on Chicago Board. By United Press CHICAGO, June 21.—1n spite of weakness in Liverpool, wheat was slightly higher at the opening on the Board of Trade today. Corn was irregular, and oats was fractionally lower. Wheat opened % to %c higher; corn ranged from % lower to VsC higher; and oats was off ’/i to Vic. Provisions were unchanged. Liverpool was weaker today in spite of Wednesday’s advance in wheat here. The reports of large purchases for export have had a bullish effect on the market. Cloudy weather extends over the American Northwest, but no more rain has fallen. The Southwest is clearing up. The corn situation was strengthened by eastern purchases. The weather in general, is favorable. July oats is 6 cents cheaper than in Argentina, inclining traders to believe that there has been sufficient decline. The other grains continue to influence oat prices. Chicago Grain Table —June 21— WHEAT— Prev. . , High. Low. 12:00. close. July 1.38 V, 1.37 1.37*/, 1.37'/a Sept 1.40% 1.39 1.39 1.39'% D ‘corn~ ‘'' 1A3% I ' 42 ’ 4 IA2V> 1 - July 99% .97% .97% .99% Sept 97 .94%' .94% ,90% Dec .84% .82% .82% .84 OATS— July 53% 52% 533* Sept 45% .45% .45'/, .45% D< RYE— 47 ''* 48% .47% July 1.213/4 1.21% 1.21% 1.21% Sept 1.19 .... 1.17% 1.18% Dec ■ 1.18% .... 1.17% 1.18% LARD—* July 11.87 11.85 11.87 Sept 12.22 12.20 12.22 Oct 12.37 12.55 12.37 Dec 12.47 12.42 RIBS— ' July 12.50 Sept 12.62 By United Press CHICAGO. June 21.—Carlots: Wheat. 4; corn. 84; oats, 25; rye, 1.

Cash Grain

The bids for car lots of grain at the cast of the Indianapolis Board of Trade, f. o. b. basis 41 %c New York rate, were; Wheat-Steady; No. 2 red, $1.6801.71; No. 2 hard. $1.3801.41, Corn—Easy; No. 3 white. 96%6;98V4c; No. 4 white, 95ft 97c; No. 3 yellow, 94@ 96c; No. 4 yellow, 93ft95c: No. 3 mixed, 934/ 95c; No. 4 mixed, 926/94c. Oats—Steady; No. 2 white. 67@69c; No. 3 white. 65%6/67%c. Hay—Firm: No. 1 timothy. $15.50ft 16: No. 2 timothy. $1547 15.50; No. 1 light clover mixed, $155/15.50; No. 1 clover hay, $ 17.50 @lB. —lnspections— Wheat—No. 3 red, 2 cars; No. 5 red, 1 car. Total. 3 cars. Corn—No. 2 white. 5 cars; No. 5 white. 1 car; No. 2 yellow, 4 cars; No. 3 yellow. 3 cars; No. 4 yellow, 4 cars; No. 5 yellow, 1 car; No. 2 mixed, 1 car; No. 6 mixed, 1 car. Total. 20 cars. Oats—No. 3 white, 1 car. Total, 1 car. MAY COTTON ACTIVITY GREATER THAN APRIL Spindle Operation at 95 Per Cent of Capacity Last Month, By United Press WASHINGTON, June 21.—During May the Census Bureau states that the ayerage number of spindles in operation was 34,014,029, or at 95 per cent of capacity on a single shift basis, against 94.8 per cent in April, and 108.9 per cent in May, 1927. During May 35,814,380 active spindles were in place, of which 29,060,360 were operated at some time during the month, against 30,965,404 in April and 32,905,256 in May, 1927. Active spindle hours aggregated 7,959,112,765 and the- normal time of operation was 26’i days, against 24 2-3 days in April. Average number of active sindle hours per spindle in place during May was 222,

Gone, but Not Forgotten

Automobiles reported stolen to police belong to: T. F. Murphy, 212 Y. M. C. A., Chevrolet, from New York and Illinois Sts. John Earls, 140 W. Pratt St., Ford, 621-947. from Meridian and Maryland StsW. E. Basey, 1410 E. Raymond St., Oakland, 564-325, from Georgia and Davidson Sts. Elliott Tibbetts, 5133 Park Ave., Chevrolet, 15-133, from Vermont and Pennsylvania Sts. The Commercial Casualty Insurance Company of Newark, N. J., today announced appointment of M. H. Miller as manager of the Indiana branch office of the concern located in the J. F. Wild Bank Bldg. Death Notices ALICE (nee Klasing)— Beloved daughter of Mr. and Mrs. Henry Klasing and sister of Helen, Fred and El--2° r * kl ? s1 "8- Passed away at the resiher ,S arents - 1620 Naomi St.. “ u age 23 years. Services at St John s Evangelical Church, corner Sanders and Leonard Sft., Friday. June 22, 2 p m Pn?L ight wf av i ng time - Bur,al Memorial PBrk Friends may view remains Thursday. 2 to 5 and 7 to 9 p. m. 8 A.—Beloved mother of Charles Kleppe and Mrs. Walter McHaffey. passed away at the residence of her daughter Mrs. Kleppe, 710 Weghorst St. June 21. age 58 years. Funeral from residence Saturday. June 23, at] and. m (daylight saving time). Burial Concordia cemetery. Friends Invited. Funeral Directors W. T. BLASENGYM Main office, 2226 Shelby St. Drexel 2570. FINN BROK FUNERAL HOME 1639 N. MERIDIAN. TA. 1835 LKRT B. GADD. 2130 PROSPECT ST. DREXEL 5307. George Grinsteiner Funeral director. 532 E. Market Vr.M nnAD Cf. H. HERRMANN 1722 B. East St. Or. 4djj UNDERTAKERS. HIBEY <fe TITUS. 931 N. Delaware. Lt. 1838 KRUEGER. WM. B. ' FUNERAL DIRECTOR. 1402 N. Illinois St. hi. 1243. Res., Be. 3866-B 1. J. C. WILSON: funeral parlor*, ambulance service and modern automotive eaulnment Dr 0331 and Dr. 0332. Instructions MEN— Learn bartering now. Oood Job* waiting. Moler has trained barbera for years helping thousands to success Write. MOLER STYSTEM. >l2 N. State! Chicago.